Homesharing Program Of Somerset County Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 312,067 | 207,247 | 104,820 | 14.0 | 62% |
| 2021 | 261,731 | 238,856 | 22,875 | 13.3 | 47% |
| 2022 | 249,877 | 240,148 | 9,729 | 15.0 | 49% |
| 2023 | 281,773 | 309,167 | −27,394 | 10.6 | 55% |
In its most recent public year (2023), this organization spent $27,394 more than it brought in. Its reserves stood at about 10.6 months of spending, down from 14 in 2020. Staff pay was 55% of spending. $50,165 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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